YAFTALI’S: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
YAFTALI’S
Largest movements
- Receivables within one year -€23,332
down €23,332 (-37.3%), from €62,476 to €39,144
of which Trade receivables: -€26,865
- Tangible fixed assets -€9,401
down €9,401 (-62.4%), from €15,058 to €5,657
- Cash +€2,339
new in 2025: €2,339
mainly Receivables within one year (+€23,332) and Depreciation (+€6,281)
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Trade debts -€8,157
down €8,157 (-46.7%), from €17,451 to €9,293
- Short-term financial debts -€4,299
no longer reported in 2025 (was €4,299)
- Current portion of long-term debt -€3,761
no longer reported in 2025 (was €3,761)
- Reserves -€1,917
down €1,917 (-9.9%), from €19,269 to €17,352
- Gross operating margin -€48,330
down €48,330 (-71.2%), from €67,832 to €19,502
- Staff costs -€11,206
down €11,206 (-91.4%), from €12,256 to €1,050
- Taxes -€5,344
down €5,344 (-68.0%), from €7,855 to €2,511
- Other operating charges +€2,797
up €2,797 (+36.8%), from €7,599 to €10,396
- Depreciation -€2,333
down €2,333 (-27.1%), from €8,614 to €6,281
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,034 | €47,372 | -€30,663 | -39.3% |
| Fixed assets | 21/28 | €15,558 | €5,657 | -€9,901 | -63.6% |
| Tangible fixed assets | 22/27 | €15,058 | €5,657 | -€9,401 | -62.4% |
| Furniture and vehicles | 24 | €15,058 | €5,657 | -€9,401 | -62.4% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €62,476 | €41,714 | -€20,762 | -33.2% |
| Amounts receivable within one year | 40/41 | €62,476 | €39,144 | -€23,332 | -37.3% |
| Trade receivables | 40 | €49,870 | €23,005 | -€26,865 | -53.9% |
| Other amounts receivable | 41 | €12,606 | €16,139 | +€3,533 | +28.0% |
| Cash at bank and in hand | 54/58 | - | €2,339 | +€2,339 | |
| Deferred charges and accrued income | 490/1 | - | €231 | +€231 | |
| Total equity and liabilities | 10/49 | €78,034 | €47,372 | -€30,663 | -39.3% |
| Equity | 10/15 | €24,269 | €22,352 | -€1,917 | -7.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,269 | €17,352 | -€1,917 | -9.9% |
| Distributable reserves | 133 | €19,269 | €17,352 | -€1,917 | -9.9% |
| Amounts payable | 17/49 | €53,766 | €25,020 | -€28,746 | -53.5% |
| Amounts payable within one year | 42/48 | €53,766 | €25,020 | -€28,746 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €3,761 | - | -€3,761 | |
| Financial debts | 43 | €4,299 | - | -€4,299 | |
| Credit institutions | 430/8 | €4,299 | - | -€4,299 | |
| Trade debts | 44 | €17,451 | €9,293 | -€8,157 | -46.7% |
| Suppliers | 440/4 | €17,451 | €9,293 | -€8,157 | -46.7% |
| Taxes, remuneration and social security | 45 | €16,255 | €15,727 | -€529 | -3.3% |
| Taxes | 450/3 | €14,865 | €12,939 | -€1,925 | -13.0% |
| Remuneration and social security | 454/9 | €1,390 | €2,787 | +€1,397 | +100.5% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Remuneration, social security and pensions | 62 | €12,256 | €1,050 | -€11,206 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,614 | €6,281 | -€2,333 | -27.1% |
| Other operating charges | 640/8 | €7,599 | €10,396 | +€2,797 | +36.8% |
| Non-recurring operating charges | 66A | - | €405 | +€405 | |
| Gross operating margin | 9900 | €67,832 | €19,502 | -€48,330 | -71.2% |
| Operating profit (loss) | 9901 | €39,364 | €1,371 | -€37,992 | -96.5% |
| Financial income | 75/76B | €584 | €638 | +€54 | +9.2% |
| Recurring financial income | 75 | €584 | €638 | +€54 | +9.2% |
| Financial charges | 65/66B | €1,800 | €1,414 | -€385 | -21.4% |
| Recurring financial charges | 65 | €1,800 | €1,414 | -€385 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €38,148 | €594 | -€37,553 | -98.4% |
| Income taxes | 67/77 | €7,855 | €2,511 | -€5,344 | -68.0% |
| Profit (loss) for the period | 9904 | €30,292 | -€1,917 | -€32,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,292 | -€1,917 | -€32,209 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.